Business

Wine and spirit duty freeze boosts UK Treasury by £67m

A freeze on alcohol duty in last November’s Budget has resulted in revenues for the UK Treasury rising by £67 million in just four months, according to the Wine and Spirit Trade Association.

New CEO of Heineken USA breaks glass ceiling

Heineken USA has named Maggie Timoney as its new chief executive officer – the first time in its history that a woman will have led its business, and the first to lead a major American beer supplier.

90% of restaurants in London could become “unmanageable” if rents rise this year

Almost 90% of restaurants in London will close down or move if commercial property rents continue to rise this year, according to new research.

Diageo rumoured to be selling off $1bn worth of brands

Global drinks producer Diageo is thought to be selling off a raft of US-focused spirits brands, including Goldschlager and Myer's Rum, estimated to be worth up to US$1 billion.

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